The grand Proctor Mansion sold at auction this morning to a Virginia couple that entered a high bid of $437,500.

With a $40,000 additional expense for furnishings in the estate and a 10 percent fee for the company that conducted the auction, new owners Puneet and Christine Rikhy paid $525,525 for the historic home.

Bidding started at $200,000 with only three of the roughly half-dozen people who registered for the auction making bids on the property. Auctioneer Keith Davis said the closing date for the sale is Sept. 3.